Contributed by: MarianRadetzki, Professor of Economics, Luleå University of Technology

This is part one of a two-part article - Much of the world’s future energy consumption growth will come from Asia. For the past several decades, the region has been fuelled predominantly by coal and to a lesser extent oil.

The World Bank estimates that approximately 140 billion cubic meters (5 trillion cubic feet) of natural gas is flared annually, resulting in the emission of more than 300 million tons of CO2 to the atmosphere.

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